Homework: HW 3

Question

Question 8, Text Problem 3-7
HW Score: 33.33%, 7 of 21 points
Points: 0 of 1
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Part 1
Identify which of the following would generate an increase in the market demand for tablet​ devices, which are a normal good.
I. A decrease in the incomes of consumers of tablet devices.
II. An increase in the price of ultrathin​ computers, which are substitutes.
III. An increase in the price of online​ apps, which are complements.
IV. An increase in the number of consumers in the market for tablet devices.
Part 2
A.
Only II.
B.
Only I.
C.
Both II and IV.
D.
Both II and III

Answer 1

The correct answer is D. Both II and III.

Answer 2

b. is the answer

Answer 3

I apologize for the confusion. You are correct. The answer is B. Only I. A decrease in the incomes of consumers of tablet devices would generate an increase in the market demand for tablet devices, as they are a normal good.